Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis is Based on Harmonic Pattern, Fibo & Price action.
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Is that an evening star in formation ?
Firstly there has been two gaupup movement represented by circles. As we know gaps almost are always filled.And the gaps here will get filled only if the price comes down.
Secondly there has been a huge dump of shares as is visible in Volume.
Thirdly the RSI has reached 87.5 and needs to come down.
What do you think. Will...
As price is touching upper circuit every day but the RSI is decreasing and moving sideways as price increasing. It might be an indication for the big downfall in near future
